Ive already had one working capital loan, paid it off early to do another and was denied with code 650, it means your sales are fluctuating and they won't approve it. If course they are going to flucuate! It's the nature of the business, you do better some months than others, but if it doesn't affect the payback of the loan it shouldn't matter. I called and was told it was all done by a computer, no human intervention what so ever! That it was a temporary code , I would be approved as soon as my sales went back up, but if I don't have a loan to buy inventory, then how will my sales go up?? It's crazy!! I'm hugely frustrated and disappointed!!
